Caledonia Michigan Real Estate Market Report Jan-Dec 2010
Absorption rate for Caledonia MI Market is currently 8.5 months
which means if no other homes come on the market, it will take
8.5 months for the current inventory to sell at the current
sales rate. This stat has risen since last year, showing the slowdown
in home sales has hit Caledonia, as well as the rest of Grand Rapids.
Active Listings – 166
Average List Price – $210,083
Sold Homes = 207
Pending Sales = 23
Average Sold Price = $181,509
Average Price /Sq Ft = $ 98.00
Sale Price to List Price = 95.66%
Average Square Feet = 1832
The Caledonia Market has more listings than this time last
year, by about 25%. Inventory is high, as sales have slowed.
This is a great time to buy a Caledonia MI home, with low
interest rates, high inventory, and slow sales. The experts tell
us there is a shadow inventory of foreclosures that will hit the
market sometime in the future. Whether they dribble into the
market or hit it in huge floods, the downward pressure on prices
will likely prevail.
More Caledonia Michigan Articles:
Caledonia Michigan Real Estate
If you have any questions about Caledonia or Grand Rapids MI
homes, please contact me directly through my web site.
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Photo of Snow Covered Fir Trees by Bonnie Westbrook
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in West
Michigan. Grand Rapids Michigan is a vibrant, growing metropolitan
area with a diverse business community, great medical research & services,
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We believe: Grand Rapids is a Great Place to Live!
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Contact Terry 616-292-7263